Warehouse and industrial units able to accommodate about 1,500 employees are on course to be built on Imm-Port, a 50-acre greenfield site close to the Port of Immingham.
The site was recently bought by Associated British Ports (ABP) from the Brocklesby Estate, historic owners of the land.

Development land prices for greenfield land in England dipped in 2015, while prices in prime central London remained broadly flat, but urban brownfield site values, particularly in key regional cities, rose strongly during the year.
After rising by 50% in the four years to September 2015, prime central London development land prices are starting to ease, falling by 2.7% over the last six months, according to the residential land development index from Knight Frank.
It means that development land prices in the prime central London market has dipped for two quarters in a row while values for greenfield land overall in England are down for the fifth consecutive quarter.

Urban development land values across the UK have continued to increase more than those for greenfield land, according to the latest research.
Urban land values increased by 1.5% in the fourth quarter of 2015, up from 0.2% in the third quarter, taking annual growth to 7.1% while greenfield land values increased by 0.7%, up from a fall of 0.1% in the previous quarter and year on year by 2%.
The latest residential development report from real estate firm Savills says that the increase in urban land values reflects a rise in demand due to an improved economy, stronger markets and increased viability.